India’s short-term external debt stood at $85.6 billion as on December 31 2014, reflecting a 6.7 per cent decline over the end-March level. Short-term debt accounted for 18.5 per cent of the total external debt at end-December 2014 against 20.5 per cent at end-March 2014.

India’s total external debt stock stood at $461.9 billion as on December 31, showing an increase of $15.5 billion (3.5 per cent) over the end-March 2014 level.

The country’s external debt to GDP ratio stood at 23.2 per cent as on December 31 against 23.7 per cent in March 2014. The rise in external debt during the period was due to an increase in long-term debt such as commercial borrowings and NRI deposits, an official release said.

Long-term debt at end-December 2014 was $376.4 billion, an increase of 6.1 per cent over the level at end-March 2014. Long-term debt accounted for 81.5 per cent of total external debt against 79.5 per cent at end-March 2014.

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